The Underground Family Foundation is a private grantmaking foundation established in April 2021 and based in Israel. It operates as a 501(c)(3) organization designated for philanthropic purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.8M
+5.1% YoY
Annual Giving
$1.5M
-17.8% YoY
Grant Count
10
-37.5% YoY
Avg Grant Size
$152K
+31.5% YoY
Under IRS private-foundation payout rules, The Underground Family Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports various charitable programs through grantmaking. Based on recent grant activity, funding areas include Jewish organizations and charitable causes.
Grantmaking
The foundation made grants totaling approximately $1.37 million in 2023, with recent grantees including:
Grant Range
$75,000
Review Cycle
is listed. The foundation indicates it may be open to applications and has limited staffing.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation is based in Israel and supports organizations both domestically and internationally, including organizations in the United States.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $29.8 million
- Total Revenue: $3.09 million
- Total Expenses: $1.65 million
- Total Liabilities: $0
Revenue Composition (2023):
- Investment income and dividends: $715,680
- Miscellaneous revenues: $1,603,909
- Total grants and contributions: $500,000
The foundation maintains a strong financial position with significant assets and positive cash flow.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,808,099 | $28,366,731 | $27,403,837 |
| Revenue | $3,094,593 | $2,819,590 | $1,196,557 |
| Expenses | $1,653,225 | $1,856,696 | $1,204,422 |
| Qualifying Distributions | $1,525,978 | $1,849,485 | $1,188,722 |
| Net Investment Income | $1,578,735 | $2,276,537 | $656,354 |
| Distributable Amount | $1,405,725 | $1,410,402 | $929,271 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable Gift Fund & Pif ($664,000), Central Fund of Israel ($250,000), Chabad of Gramercy Park ($220,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIANCE FOR DECISION EDUCATION INC BALA CYNWYD, PA | TO SUPPORT VARIOUS PROGRAMS | $170,000 |
| AMERICAN FRIENDS OF SHEBA MEDICAL NEW YORK, NY | TO SUPPORT VARIOUS PROGRAMS | $50,000 |
| AMERICAN ISRAEL EDUCATION FOUNDATION INC WASHINGTON, DC | TO SUPPORT VARIOUS PROGRAMS | $25,000 |
| BELEV ECHAD INC NEW YORK, NY | TO SUPPORT VARIOUS PROGRAMS | $16,000 |
| CHABAD LUBAVITCH OF THE HAMPTONS EAST HAMPTON, NY | TO SUPPORT VARIOUS PROGRAMS | $20,000 |
| CENTRAL FUND OF ISRAEL CEDARHURST, NY | TO SUPPORT VARIOUS PROGRAMS | $250,000 |
| CHABAD OF GRAMERCY PARK NEW YORK, NY | TO SUPPORT VARIOUS PROGRAMS | $220,000 |
| FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION PHILADELPHIA, PA | TO SUPPORT VARIOUS PROGRAMS | $100,000 |
| PAN-MASSACHUSETTS CHALLENGE INC NEEDHAM, MA | TO SUPPORT VARIOUS PROGRAMS | $513 |
| FIDELITY CHARITABLE GIFT FUND & PIF CINCINNATI, OH | TO SUPPORT VARIOUS PROGRAMS | $664,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Thomas Peters — Chair, Treasurer, Director
- Bat Sheva Peters — Vice Chair, Secretary, Director
Both serve on a volunteer basis with no reported compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS PETERS | CHAIR, TREASURER, DIRECTOR | 1 | — |
| BAT SHEVA PETERS | VICE CHAIR, SECRETARY, DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Underground Family Foundation fund?
The foundation supports various charitable programs through grantmaking. Based on recent grant activity, funding areas include Jewish organizations and charitable causes.
How do I apply for a grant from The Underground Family Foundation?
**Grant Activity:** The foundation made grants totaling approximately $1.37 million in 2023, with recent grantees including: • Central Fund of Israel ($1,005,000) • Chabad of Gramercy Park ($200,000) • Daffy Charitable Fund ($166,876) **Grant Characteristics:** • Median grant size: $75,000 • Grant range: $513 to $664,000 • 10 grants documented in recent filings **Application Process:** Applicants should submit written communication including: • Name of organization • Nature of service • Length …
Where does The Underground Family Foundation make grants?
The foundation is based in Israel and supports organizations both domestically and internationally, including organizations in the United States.
What size grants does The Underground Family Foundation award?
In 2024, The Underground Family Foundation awarded 10 grants totaling $1.5M — an average of about $152K per grant, based on its IRS Form 990 filings.
How much is The Underground Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Underground Family Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Underground Family Foundation's EIN?
The Underground Family Foundation's EIN (Employer Identification Number) is 85-3794803. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Underground Family Foundation's focus areas in our free grants database
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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